With over 10 years in the insurance industry, I notice that everyone wants to save money on the things they have to buy like car insurance. In fact, companies like GEICO, Allstate, and Progressive, have made the phrase, “save money on your car insurance”, a household phrase.
As an insurance agent, I can say with all certainty that everyone that drives a car falls into two following categories:
A. People that think they pay too much for their car insurance.
B. People that think their car insurance rates are just fine.
So if you fall into one of these two categories, I’ve come up with 10 brainless tipsi that will help you save money on your car insurance.
1. Shop Early. Most people don’t realize it, but shopping at the last minute actually costs you about 10% on the average. Typically, insurance companies give lower rates to people who shop at least 7 to 10 days ahead of their policy start date. In car insurance, the early bird really gets the worm!
2. Know Your Coverage. Generally, insurance companies offer lower rates based on the type of coverage you carry with your current insurance company. Also, that shows a level of responsibility.
3. Compare Rates with an independent agent. Independent insurance agents can shop several insurance companies for you.
4. Tell the whole truth. Really? Did you think you could get away with hiding a ticket or an accident? Now insurance agents and insurance companies can run your driving record as soon as you talk to them, but that costs time and money. Giving the agent your driving record up front will save the agent time and you money.
5. Keep a Clean Record. Face it. The better your driving record, the better quotes you’ll get. This goes for everyone. Drivers that require SR-22 filings are typically classified as high risk drivers. So slow down and stopping drinking you speed demon!
6. Carry higher coverage now for lower prices later. Many insurance companies give better rates for people with higher liability limits because they are grouped with good drivers. With these same companies bad drivers typically carry minimum coverage. Which do you prefer, the good driver group rates or the bad driver group rates?
7. Give the whole story. If you have more than one car, make sure and get a quote on ALL of your cars. Insurance companies always like numbers higher than 1. It will save you money with the multi-car and package discounts when you insure your 2 cars and your home with your 2 policies.
8. Ask for Education and Occupation discounts. Everyone knows that if a young student earns a B average in school, he can get a discount. Did you know that adults with college degrees can get discounts, and teachers get really good rates too?
9. Carpool. If you have a long drive to work, it might pay to carpool. By lowering the number of miles you put on your car, you also lower your insurance. Generally, if you drive less than 7500 miles per year you will get a lower rate.
10. If all else fails, get a horse. If none of these ideas work, then you may be a good candidate for a horse. Typically most people can save money with these tips. If none of them help you, then you may need a little intensive work.
Get connected to an independent insurance agent online by visiting Texas Insurance Pro.